Are Chinese wind turbines the world's top wind power manufacturers?

Chinese wind turbine makers continue to pace the global market, taking four of the top five spots in a ranking of the world’s top manufacturers of both onshore and offshore wind power equipment. Research from BloombergNEF (BNEF) published March 27 showed global wind power generation capacity additions hit a record 118 GW in 2023.

Who makes the most wind turbines in the world?

The top five for wind turbine makers was dominated by Chinese manufacturers. Xinjiang Goldwind Science & Technology (SHE:002202) retained the top spot with 16.4 GW of projects commissioned last year. Envision Energy rose to second place with 15.4 GW, while Denmark’s Vestas Wind Systems A/S (CPH:VWS) ranked third with 13.4 GW.

Which country has the largest wind power market?

The figures, compiled by the Brussels-based Global Wind Energy Council, indicate that China claims a dominant share of the wind power and solar panel markets. China’s Goldwind, the leader in the domestic market, ranked second in the global market with a 13% share, behind Denmark’s Vestas with 14%.

Which country produces the most wind power in 2022?

China is emerging as a dominant player in global wind power generation, with manufacturers in the country supplying nearly 60% of installed wind turbines worldwide in 2022. The figures, compiled by the Brussels-based Global Wind Energy Council, indicate that China claims a dominant share of the wind power and solar panel markets.

What is China's top wind power company in 2022?

China’s Goldwind was the country’s top wind power company in 2022 by installed capacity, ranking second in the global market with a 13% share. Since then, Chinese manufacturers have improved their cost competitiveness by scaling up and expanding sales channels in Europe and Japan.

Which wind companies have the most GW installed in the world?

Note: Wood Mackenzie bases its analysis on grid connected capacity in all wind markets, apart from China and Vietnam. Outside of China, Vestas was the market leader for the sixth consecutive year, with more than 10 GW installed. Siemens Gamesa (SGRE) overtook General Electric (GE) for the second position.